The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101 537 3,600 SH   SOLE   3,600 0 0
ABBOTT LABS COM 002824100 230 5,630 SH   SOLE   5,630 0 0
ABBVIE INC COM 00287Y109 316 5,630 SH   SOLE   5,630 0 0
ADVANTAGE OIL & GAS LTD COM 00765F101 3,078 667,730 SH   SOLE   667,730 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 1,308 21,500 SH   SOLE   21,500 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 3,411 90,000 SH   SOLE   90,000 0 0
ALTERA CORP COM 021441100 3,020 87,340 SH   SOLE   87,340 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,629 30,000 SH   SOLE   30,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 3,397 30,000 SH   SOLE   30,000 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 363 10,800 SH   SOLE   10,800 0 0
APPLE INC COM 037833100 7,459 12,500 SH   SOLE   12,500 0 0
APPLIED MATLS INC COM 038222105 2,866 152,400 SH   SOLE   152,400 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 664 35,000 SH   SOLE   35,000 0 0
ARCTIC CAT INC COM 039670104 848 14,000 SH   SOLE   14,000 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 378 4,400 SH   SOLE   4,400 0 0
BANK MONTREAL QUE COM 063671101 356 5,023 SH   SOLE   5,023 0 0
BANK N S HALIFAX COM 064149107 522 7,862 SH   SOLE   7,862 0 0
BANK NEW YORK MELLON CORP COM 064058100 7,395 199,000 SH   SOLE   199,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 7,794 470,640 SH   SOLE   470,640 0 0
BARCLAYS PLC ADR 06738E204 193 10,000 SH   SOLE   10,000 0 0
BARRICK GOLD CORP COM 067901108 283 15,100 SH   SOLE   15,100 0 0
BCE INC COM NEW 05534B760 512 11,134 SH   SOLE   11,134 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,838 15 SH   SOLE   15 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,484 27,632 SH   SOLE   27,632 0 0
BLACKHAWK NETWORK HLDGS INC CL A 09238E104 269 10,000 SH   SOLE   10,000 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 335 10,000 SH   SOLE   10,000 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 250 6,000 SH   SOLE   6,000 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 752 35,387 SH   SOLE   35,387 0 0
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 3,772 146,654 SH   SOLE   146,654 0 0
CAE INC COM 124765108 1,891 140,000 SH   SOLE   140,000 0 0
CAMECO CORP COM 13321L108 8,304 376,767 SH   SOLE   376,767 0 0
CANADIAN NAT RES LTD COM 136385101 973 27,070 SH   SOLE   27,070 0 0
CARMIKE CINEMAS INC COM 143436400 4,412 149,000 SH   SOLE   149,000 0 0
CATERPILLAR INC DEL COM 149123101 3,749 38,815 SH   SOLE   38,815 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 362 3,991 SH   SOLE   3,991 0 0
CELESTICA INC SUB VTG SHS 15101Q108 277 25,128 SH   SOLE   25,128 0 0
CENOVUS ENERGY INC COM 15135U109 4,916 161,718 SH   SOLE   161,718 0 0
CINEMARK HOLDINGS INC COM 17243V102 1,205 34,000 SH   SOLE   34,000 0 0
CISCO SYS INC COM 17275R102 246 10,300 SH   SOLE   10,300 0 0
CIT GROUP INC COM NEW 125581801 416 7,500 SH   SOLE   7,500 0 0
CITIGROUP INC COM NEW 172967424 8,284 149,457 SH   SOLE   149,457 0 0
CLEAN HARBORS INC COM 184496107 804 12,600 SH   SOLE   12,600 0 0
COCA COLA CO COM 191216100 3,519 80,100 SH   SOLE   80,100 0 0
COMPUWARE CORP COM 205638109 632 53,000 SH   SOLE   53,000 0 0
CORNING INC COM 219350105 4,340 229,000 SH   SOLE   229,000 0 0
COTT CORP QUE COM 22163N106 770 90,000 SH   SOLE   90,000 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 495 15,000 SH   SOLE   15,000 0 0
CST BRANDS INC COM 12646R105 6,296 161,200 SH   SOLE   161,200 0 0
CSX CORP COM 126408103 1,836 60,000 SH   SOLE   60,000 0 0
CVR REFNG LP COMUNIT REP LT 12663P107 1,323 55,000 SH   SOLE   55,000 0 0
CVS CAREMARK CORPORATION COM 126650100 1,500 19,700 SH   SOLE   19,700 0 0
DARDEN RESTAURANTS INC COM 237194105 1,157 20,000 SH   SOLE   20,000 0 0
DEERE & CO COM 244199105 587 6,040 SH   SOLE   6,040 0 0
E M C CORP MASS COM 268648102 800 29,900 SH   SOLE   29,900 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 5,444 260,600 SH   SOLE   260,600 0 0
EBAY INC COM 278642103 373 6,400 SH   SOLE   6,400 0 0
EMERSON ELEC CO COM 291011104 4,479 60,000 SH   SOLE   60,000 0 0
ENBRIDGE INC COM 29250N105 346 7,448 SH   SOLE   7,448 0 0
ENCANA CORP COM 292505104 2,364 123,230 SH   SOLE   123,230 0 0
ENERPLUS CORP COM 292766102 1,417 73,394 SH   SOLE   73,394 0 0
ENTROPIC COMMUNICATIONS INC COM 29384R105 65 13,000 SH   SOLE   13,000 0 0
EVERCORE PARTNERS INC CLASS A 29977A105 318 5,000 SH   SOLE   5,000 0 0
EXXON MOBIL CORP COM 30231G102 404 3,750 SH   SOLE   3,750 0 0
FACEBOOK INC CL A 30303M102 883 15,200 SH   SOLE   15,200 0 0
FIRSTSERVICE CORP SUB VTG SH 33761N109 778 17,000 SH   SOLE   17,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,793 170,200 SH   SOLE   170,200 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 5,357 588,400 SH   SOLE   588,400 0 0
GENERAL DYNAMICS CORP COM 369550108 2,033 20,000 SH   SOLE   20,000 0 0
GENERAL ELECTRIC CO COM 369604103 7,243 242,958 SH   SOLE   242,958 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 3,407 60,000 SH   SOLE   60,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,752 14,595 SH   SOLE   14,595 0 0
GOOGLE INC CL A 38259P508 5,799 4,865 SH   SOLE   4,865 0 0
GRAN TIERRA ENERGY INC COM 38500T101 816 105,000 SH   SOLE   105,000 0 0
GREENHILL & CO INC COM 395259104 462 7,500 SH   SOLE   7,500 0 0
HEICO CORP NEW COM 422806109 1,079 17,500 SH   SOLE   17,500 0 0
HOSPIRA INC COM 441060100 1,756 40,000 SH   SOLE   40,000 0 0
HUNTINGTON BANCSHARES INC COM 446150104 264 25,700 SH   SOLE   25,700 0 0
INTEL CORP COM 458140100 8,122 294,228 SH   SOLE   294,228 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 698 3,498 SH   SOLE   3,498 0 0
INTUIT COM 461202103 1,948 24,000 SH   SOLE   24,000 0 0
IROBOT CORP COM 462726100 910 24,600 SH   SOLE   24,600 0 0
JOHNSON & JOHNSON COM 478160104 1,543 15,835 SH   SOLE   15,835 0 0
JPMORGAN CHASE & CO COM 46625H100 9,135 146,871 SH   SOLE   146,871 0 0
KAR AUCTION SVCS INC COM 48238T109 8,769 279,000 SH   SOLE   279,000 0 0
KIMBERLY CLARK CORP COM 494368103 2,027 18,240 SH   SOLE   18,240 0 0
KKR & CO L P DEL COM UNITS 48248M102 311 12,000 SH   SOLE   12,000 0 0
KKR FINL HLDGS LLC COM 48248A306 130 10,000 SH   SOLE   10,000 0 0
LAZARD LTD SHS A G54050102 5,302 110,000 SH   SOLE   110,000 0 0
LEGG MASON INC COM 524901105 578 12,500 SH   SOLE   12,500 0 0
MAGNA INTL INC COM 559222401 6,319 72,546 SH   SOLE   72,546 0 0
MANULIFE FINL CORP COM 56501R106 621 29,610 SH   SOLE   29,610 0 0
MASONITE INTL CORP NEW COM 575385109 1,315 20,600 SH   SOLE   20,600 0 0
MBIA INC COM 55262C100 317 25,000 SH   SOLE   25,000 0 0
MCDONALDS CORP COM 580135101 4,376 42,400 SH   SOLE   42,400 0 0
MERCK & CO INC NEW COM 58933Y105 6,939 130,350 SH   SOLE   130,350 0 0
MICROSOFT CORP COM 594918104 9,312 234,031 SH   SOLE   234,031 0 0
MONDELEZ INTL INC CL A 609207105 270 7,200 SH   SOLE   7,200 0 0
MORGAN STANLEY COM NEW 617446448 1,668 50,000 SH   SOLE   50,000 0 0
NATIONAL FUEL GAS CO N J COM 636180101 8,004 105,400 SH   SOLE   105,400 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 2,014 283,500 SH   SOLE   283,500 0 0
NEWCASTLE INVT CORP COM 65105M108 305 50,000 SH   SOLE   50,000 0 0
NORTH AMERN ENERGY PARTNERS COM 656844107 1,459 235,300 SH   SOLE   235,300 0 0
NUCOR CORP COM 670346105 361 6,365 SH   SOLE   6,365 0 0
NUVEEN QUALITY PFD INCOME FD COM 67072C105 104 12,000 SH   SOLE   12,000 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 2,547 40,700 SH   SOLE   40,700 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 2,911 184,900 SH   SOLE   184,900 0 0
OPENTABLE INC COM 68372A104 676 8,005 SH   SOLE   8,005 0 0
PEMBINA PIPELINE CORP COM 706327103 343 9,170 SH   SOLE   9,170 0 0
PENGROWTH ENERGY CORP COM 70706P104 313 47,700 SH   SOLE   47,700 0 0
PEPSICO INC COM 713448108 831 9,425 SH   SOLE   9,425 0 0
PFIZER INC COM 717081103 7,610 233,580 SH   SOLE   233,580 0 0
PHH CORP COM NEW 693320202 1,036 40,000 SH   SOLE   40,000 0 0
PINNACLE ENTMT INC COM 723456109 968 35,000 SH   SOLE   35,000 0 0
POST HLDGS INC COM 737446104 2,395 45,700 SH   SOLE   45,700 0 0
POTASH CORP SASK INC COM 73755L107 4,947 141,269 SH   SOLE   141,269 0 0
PROCERA NETWORKS INC COM NEW 74269U203 479 30,000 SH   SOLE   30,000 0 0
PROCTER & GAMBLE CO COM 742718109 1,853 21,400 SH   SOLE   21,400 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 1,200 34,270 SH   SOLE   34,270 0 0
QUALCOMM INC COM 747525103 2,251 28,500 SH   SOLE   28,500 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 8,909 160,500 SH   SOLE   160,500 0 0
RITE AID CORP COM 767754104 2,260 420,000 SH   SOLE   420,000 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 429 8,927 SH   SOLE   8,927 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 864 12,100 SH   SOLE   12,100 0 0
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 121 10,000 SH   SOLE   10,000 0 0
SCHWAB CHARLES CORP NEW COM 808513105 1,797 65,000 SH   SOLE   65,000 0 0
SELECT COMFORT CORP COM 81616X103 606 27,000 SH   SOLE   27,000 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 6,558 253,691 SH   SOLE   253,691 0 0
SIEMENS A G SPONSORED ADR 826197501 3,683 25,000 SH   SOLE   25,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,435 7,304 SH   SOLE   7,304 0 0
SPRINGLEAF HLDGS INC COM 85172J101 2,285 85,000 SH   SOLE   85,000 0 0
STIFEL FINL CORP COM 860630102 255 5,000 SH   SOLE   5,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,518 40,758 SH   SOLE   40,758 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 5,990 183,800 SH   SOLE   183,800 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 891 20,900 SH   SOLE   20,900 0 0
THE ADT CORPORATION COM 00101J106 2,187 50,800 SH   SOLE   50,800 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 1,837 18,350 SH   SOLE   18,350 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 1,167 9,000 SH   SOLE   9,000 0 0
TRANSCANADA CORP COM 89353D107 4,500 92,709 SH   SOLE   92,709 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,953 24,400 SH   SOLE   24,400 0 0
UR ENERGY INC COM 91688R108 36 25,000 SH   SOLE   25,000 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 254 4,060 SH   SOLE   4,060 0 0
VEECO INSTRS INC DEL COM 922417100 1,551 44,300 SH   SOLE   44,300 0 0
WALGREEN CO COM 931422109 1,448 23,700 SH   SOLE   23,700 0 0
WAL-MART STORES INC COM 931142103 2,388 28,535 SH   SOLE   28,535 0 0
WELLS FARGO & CO NEW COM 949746101 2,494 51,650 SH   SOLE   51,650 0 0